10-Q Filing

UNITED PARCEL SERVICE INC CIK: 1090727 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001090727-19-000011`
Period End Date	20190331
Filing Date	20190430
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	ups-03312019x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 32 Cash Flow Statement 74 Comprehensive Income 12

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Treasury stock, shares	`TreasuryStockShares`	1.00M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.54B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.40B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.22B	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$810.00M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$712.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$7.61B	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$8.96B	USD	Point-in-time
Current income taxes receivable	`DeferredTaxAssetsNetCurrent`	$847.00M	USD	Point-in-time
Current income taxes receivable	`DeferredTaxAssetsNetCurrent`	$940.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.28B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.33B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$16.21B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$14.90B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$27.25B	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$26.58B	USD	Point-in-time
Operating Lease Right-Of-Use Assets	`OperatingLeaseRightOfUseAsset`	$2.54B	USD	Point-in-time
Operating Lease Right-Of-Use Assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Goodwill	`Goodwill`	$3.81B	USD	Point-in-time
Goodwill	`Goodwill`	$3.81B	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$2.08B	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$2.09B	USD	Point-in-time
Investments and Restricted Cash	`RestrictedCashAndInvestmentsNoncurrent`	$170.00M	USD	Point-in-time
Investments and Restricted Cash	`RestrictedCashAndInvestmentsNoncurrent`	$169.00M	USD	Point-in-time
Deferred Income Tax Assets	`DeferredIncomeTaxesAndOtherAssetsNoncurrent`	$141.00M	USD	Point-in-time
Deferred Income Tax Assets	`DeferredIncomeTaxesAndOtherAssetsNoncurrent`	$153.00M	USD	Point-in-time
Other Non-Current Assets	`OtherAssetsNoncurrent`	$1.03B	USD	Point-in-time
Other Non-Current Assets	`OtherAssetsNoncurrent`	$1.14B	USD	Point-in-time
Total Assets	`Assets`	$50.02B	USD	Point-in-time
Total Assets	`Assets`	$52.06B	USD	Point-in-time
Current maturities of long-term debt, commercial paper and finance leases	`DebtCurrent`	$2.79B	USD	Point-in-time
Current maturities of long-term debt, commercial paper and finance leases	`DebtCurrent`	$2.81B	USD	Point-in-time
Current maturities of operating leases	`OperatingLeaseLiabilityCurrent`	$492.00M	USD	Point-in-time
Current maturities of operating leases	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.19B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.91B	USD	Point-in-time
Accrued wages and withholdings	`EmployeeRelatedLiabilitiesCurrent`	$3.05B	USD	Point-in-time
Accrued wages and withholdings	`EmployeeRelatedLiabilitiesCurrent`	$2.91B	USD	Point-in-time
Self-insurance reserves	`SelfInsuranceReserveCurrent`	$783.00M	USD	Point-in-time
Self-insurance reserves	`SelfInsuranceReserveCurrent`	$810.00M	USD	Point-in-time
Accrued group welfare and retirement plan contributions	`AccruedGroupWelfareandRetirementPlanContributions`	$715.00M	USD	Point-in-time
Accrued group welfare and retirement plan contributions	`AccruedGroupWelfareandRetirementPlanContributions`	$665.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.66B	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.52B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$13.21B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$14.09B	USD	Point-in-time
Long-Term Debt and Finance Leases	`LongTermDebtNoncurrent`	$20.38B	USD	Point-in-time
Long-Term Debt and Finance Leases	`LongTermDebtNoncurrent`	$19.93B	USD	Point-in-time
Non-Current Operating Leases	`OperatingLeaseLiabilityNoncurrent`	$2.09B	USD	Point-in-time
Non-Current Operating Leases	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Pension and Postretirement Benefit Obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$8.35B	USD	Point-in-time
Pension and Postretirement Benefit Obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$8.27B	USD	Point-in-time
Deferred Income Tax Liabilities	`DeferredTaxLiabilitiesNoncurrent`	$1.62B	USD	Point-in-time
Deferred Income Tax Liabilities	`DeferredTaxLiabilitiesNoncurrent`	$1.76B	USD	Point-in-time
Self-Insurance Reserves	`SelfInsuranceReserveNoncurrent`	$1.52B	USD	Point-in-time
Self-Insurance Reserves	`SelfInsuranceReserveNoncurrent`	$1.57B	USD	Point-in-time
Other Non-Current Liabilities	`OtherLiabilitiesNoncurrent`	$1.42B	USD	Point-in-time
Other Non-Current Liabilities	`OtherLiabilitiesNoncurrent`	$1.35B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$27.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$8.01B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$8.25B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.99B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.82B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.64B	USD	Point-in-time
Deferred compensation obligations	`CompensationAndBenefitsTrust`	$32.00M	USD	Point-in-time
Deferred compensation obligations	`CompensationAndBenefitsTrust`	$25.00M	USD	Point-in-time
Less: Treasury stock (1 share in 2019 and 2018)	`TreasuryStockValue`	$25.00M	USD	Point-in-time
Less: Treasury stock (1 share in 2019 and 2018)	`TreasuryStockValue`	$32.00M	USD	Point-in-time
Total Equity for Controlling Interests	`StockholdersEquity`	$3.47B	USD	Point-in-time
Total Equity for Controlling Interests	`StockholdersEquity`	$3.02B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$18.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$30.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$31.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$16.00M	USD	Point-in-time
Total Shareowners Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.48B	USD	Point-in-time
Total Shareowners Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.04B	USD	Point-in-time
Total Liabilities and Shareowners Equity	`LiabilitiesAndStockholdersEquity`	$50.02B	USD	Point-in-time
Total Liabilities and Shareowners Equity	`LiabilitiesAndStockholdersEquity`	$52.06B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$17.16B	USD	1 Quarter
Revenue	`Revenues`	$17.11B	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$9.04B	USD	1 Quarter
Compensation and benefits	`LaborAndRelatedExpense`	$9.32B	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$596.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$568.00M	USD	1 Quarter
Fuel	`FuelCosts`	$750.00M	USD	1 Quarter
Fuel	`FuelCosts`	$770.00M	USD	1 Quarter
Other occupancy	`CostOfOtherPropertyOperatingExpense`	$371.00M	USD	1 Quarter
Other occupancy	`CostOfOtherPropertyOperatingExpense`	$361.00M	USD	1 Quarter
Other expenses	`OtherCostAndExpenseOperating`	$1.26B	USD	1 Quarter
Other expenses	`OtherCostAndExpenseOperating`	$1.34B	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$15.77B	USD	1 Quarter
Total Operating Expenses	`CostsAndExpenses`	$15.59B	USD	1 Quarter
Operating Profit	`OperatingIncomeLoss`	$1.52B	USD	1 Quarter
Operating Profit	`OperatingIncomeLoss`	$1.39B	USD	1 Quarter
Investment income and other	`InvestmentIncomeNonoperating`	$294.00M	USD	1 Quarter
Investment income and other	`InvestmentIncomeNonoperating`	$215.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$169.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$153.00M	USD	1 Quarter
Total Other Income and (Expense)	`NonoperatingIncomeExpense`	$141.00M	USD	1 Quarter
Total Other Income and (Expense)	`NonoperatingIncomeExpense`	$46.00M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.66B	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.44B	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$329.00M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$316.00M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.34B	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.11B	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.28	USD	1 Quarter
Basic Earnings Per Share	`EarningsPerShareBasic`	$1.55	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.28	USD	1 Quarter
Diluted Earnings Per Share	`EarningsPerShareDiluted`	$1.55	USD	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$1.34B	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.11B	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$596.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$568.00M	USD	1 Quarter
Pension and postretirement benefit expense	`PensionAndOtherPostretirementBenefitExpense`	$188.00M	USD	1 Quarter
Pension and postretirement benefit expense	`PensionAndOtherPostretirementBenefitExpense`	$154.00M	USD	1 Quarter
Pension and postretirement benefit contributions	`PensionAndOtherPostretirementBenefitContributions`	$214.00M	USD	1 Quarter
Pension and postretirement benefit contributions	`PensionAndOtherPostretirementBenefitContributions`	$44.00M	USD	1 Quarter
Self-insurance reserves	`IncreaseDecreaseInSelfInsuranceReserve`	$-11.00M	USD	1 Quarter
Self-insurance reserves	`IncreaseDecreaseInSelfInsuranceReserve`	$-74.00M	USD	1 Quarter
Deferred tax (benefit) expense	`DeferredIncomeTaxesAndTaxCredits`	$78.00M	USD	1 Quarter
Deferred tax (benefit) expense	`DeferredIncomeTaxesAndTaxCredits`	$106.00M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$308.00M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$239.00M	USD	1 Quarter
Other (gains) losses	`OtherNoncashIncomeExpense`	$-40.00M	USD	1 Quarter
Other (gains) losses	`OtherNoncashIncomeExpense`	$-71.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.20B	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.30B	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-128.00M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.10B	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-601.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.14B	USD	1 Quarter
Accrued wages and withholdings	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-67.00M	USD	1 Quarter
Accrued wages and withholdings	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-94.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-24.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$87.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$7.00M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-2.00M	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.07B	USD	1 Quarter
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.28B	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.54B	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.51B	USD	1 Quarter
Proceeds from disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$20.00M	USD	1 Quarter
Proceeds from disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.00M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$248.00M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireInvestments`	$177.00M	USD	1 Quarter
Sales and maturities of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$349.00M	USD	1 Quarter
Sales and maturities of marketable securities	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$246.00M	USD	1 Quarter
Net (increase) decrease in finance receivables	`PaymentsForProceedsFromLoansReceivable`	$-10.00M	USD	1 Quarter
Net (increase) decrease in finance receivables	`PaymentsForProceedsFromLoansReceivable`	-	USD	1 Quarter
Cash paid for business acquisitions, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Cash paid for business acquisitions, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$16.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.45B	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.42B	USD	1 Quarter
Net change in short-term debt	`ProceedsFromRepaymentsOfShortTermDebt`	$-1.22B	USD	1 Quarter
Net change in short-term debt	`ProceedsFromRepaymentsOfShortTermDebt`	$165.00M	USD	1 Quarter
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$159.00M	USD	1 Quarter
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$2.14B	USD	1 Quarter
Repayments of long-term borrowings	`RepaymentsOfLongTermDebt`	$1.66B	USD	1 Quarter
Repayments of long-term borrowings	`RepaymentsOfLongTermDebt`	$439.00M	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$246.00M	USD	1 Quarter
Purchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$261.00M	USD	1 Quarter
Issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$47.00M	USD	1 Quarter
Issuances of common stock	`ProceedsFromIssuanceOfCommonStock`	$77.00M	USD	1 Quarter
Dividends	`PaymentsOfDividends`	$754.00M	USD	1 Quarter
Dividends	`PaymentsOfDividends`	$799.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-182.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-280.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-695.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.55B	USD	1 Quarter
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-14.00M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.00M	USD	1 Quarter
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$175.00M	USD	1 Quarter
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$57.00M	USD	1 Quarter
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.37B	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.54B	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.77B	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.83B	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.37B	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.54B	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.77B	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.83B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$1.34B	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.11B	USD	1 Quarter
Change in foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$53.00M	USD	1 Quarter
Change in foreign currency translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.00M	USD	1 Quarter
Change in unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$4.00M	USD	1 Quarter
Change in unrealized gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-3.00M	USD	1 Quarter
Change in unrealized gain (loss) on cash flow hedges, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$76.00M	USD	1 Quarter
Change in unrealized gain (loss) on cash flow hedges, net of tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-66.00M	USD	1 Quarter
Change in unrecognized pension and postretirement benefit costs, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-39.00M	USD	1 Quarter
Change in unrecognized pension and postretirement benefit costs, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-43.00M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$1.31B	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$1.29B	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.